Marvell forecasts second-quarter revenue above estimates on strong demand for custom AI chips

Marvell Technology forecast second-quarter revenue above Wall Street estimates on Thursday, betting on strong demand for its custom chips powering artificial intelligence workloads in data centers.

Demand for custom AI chips continues to fuel growth, while networking chips and electro-optics have also seen robust order momentum. These advancements help hyperscalers seeking to scale their infrastructure to support AI workloads.

Marvell said in its post-earnings call that it expects AI tailwinds to remain strong, driven by robust hyperscaler spending,…